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Smart Electric Bicycles Delivered to Your Door

Website
Location
Company size
11-50 people
Total raised
$750K
Company type
E CommerceTransportationFitness
Markets
Clean TechnologyClean EnergyTransportationHealth and Wellness
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EVELO Electric Bicycles careers

Smart Electric Bicycles Delivered to Your Door
HIGHLIGHTS:

- $6M+ in product sales since inception
- Fast growing (50%+ projected growth year over year - 2016 vs. 2015)

EVELO builds and distributes smart, power-on-demand electric bikes that help the 99% of people who currently don't bike overcome the barriers of hills, fitness levels or the inconvenience of arriving to the destination sweaty.

We developed an innovative direct-to-customer distribution model that allows a customer to customize their bike online in minutes and deliver it nearly fully assembled directly to their door. This bypasses traditional brick-and-mortar, saves 40% margin and allows us to offer better pricing, maintain higher margins and control the entire user experience better.

To see our line of products in action: evelo.com and omni.evelo.com.
To see what our customers have to say about us: shopperapproved.com/reviews/evelo.com
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Boris Mordkovich

Avatar for Boris Mordkovich
Co-Founder of @EVELO Electric Bicycles. Founded and sold 2 companies prior to that. Helped launch @Turo (received 90M investment from @Google). Strong marketing background.

Yevgeniy Mordkovich

Avatar for Yevgeniy Mordkovich
Founder EVELO Electric Bicycles • Studied at @Pace University and @The University Of Scranton
Total raised

$750K

Funded over

1 round

Latest round

Seed (Feb 2016)

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